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Over 3000 directors disqualified also National Financial Reporting Authority (NFRA), an independent body, to test check Financial Statements, prescribe Accounting Standards and take disciplinary action against errant professionals

Around 2.24 lakh companies have been struck-off till date for remaining inactive for a period of two (2) years or more;. Around 3.09 lakh Directors disqualified who were on the Board of Companies that have failed to file Financial Statements and/or Annual Returns for a

Budget 2017 key and major highlights

Major Highlights of Union Budget 2017: Download India Budget 2017 Key Highlights  1. Total Budget of ? 21.47 Lakhs crores for 2017-2018. 2. Increase in Direct Tax collection by 34% after demonetisation. 3. Holding period for LTCG for Land & Building reduced to 2 years.

GST IMPACT ON VARIOUS SECTORS

GST IMPACT ON VARIOUS SECTORS GST passed by Raysabha today and we can say GST on track now. As per experts understand the GST impact on industry 1) BANKS – Current service tax 15% know after GST 18% Negative. 2) CONSUMER STAPLES current tax rate

Rajya Sabha set to approve GST legislation tomorrow

Jaitley will move four amendments to the tax reform Bill The Bill to amend the Constitution, paving the way for the biggest, long-pending and much awaited indirect tax reform is all set to be approved by the Rajya Sabha on Wednesday. Union Finance Minister Arun

India will outperform global equity markets: Morgan Stanley

Global financial major Morgan Stanley expects the Indian equity market to outperform the global markets over the next 12-18 months based on factors like earnings upgrade along with possible rate cuts and peaking of the corporate debt cycle. “The corporate debt cycle has peaked and

GST no reason to end fight with TMC

NEW DELHI: Though the NDA government is looking to Trinamool Congress for support to its crucial reform legislations like GST in Rajya Sabha, BJP chief Amit Shah on Friday asserted that the saffron party would not slacken in its fight for political space in West

PM invites Sonia Gandhi, Manmohan Singh for tea

New Delhi: Reaching out to main opposition, Indian Prime Minister Narendra Modi has invited Congress President Sonia Gandhi and Manmohan Singh for tea this evening during which issues like GST may come up Modi on Friday invited the Congress leaders at his Race Course Road

Restaurant Services? How much you pay as taxes

Have you ever check your restaurant bill?  Why it always come more than expected? Also-Do You Know on Tuesday 9 june 2015-the finance Minister, Sh. Arun Jaitley  clarified that restaurants without air conditioning facility will not charge any service tax from their customers while the

How to Save Income Tax?

Hello friends, looking for tax saving options apart from basic tax limits. In this article I will tell you the basic tax limits and will discuss some good tax saving options available under various provisions of Income Tax Act, 1961. But Wait, Do you know